London East (East G), ON
376 BURWELL STREET
$999,900
Listed by
PRIME REAL ESTATE BROKERAGE
JUSTIN KONIKOW, Salesperson
Data last updated Oct 21, 2026, 10:40 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $999,900
- Type
- Detached
- Bedrooms
- 11
- Bathrooms
- 7
- MLS®
- X13506184
- Status
- active
- Brokerage
- PRIME REAL ESTATE BROKERAGE
About this home
Description provided by the listing brokerage
Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London's downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price!